Aktas oil field

Last updated
Aktas Oil Field
Country Kazakhstan
Region Mangystau Province
Offshore/onshore onshore
Operator Petrom
Field history
Discovery 1997
Start of development 1997
Start of production 2009
Production
Current production of oil 1,000 barrels per day (~50,000 t/a)
Estimated oil in place 5.7 million tonnes
(~ 6.7×10^6 m3 or 42 MMbbl)

The Aktas Oil Field is an oil field located in Mangystau Province. It was discovered in 1997 and developed by Petrom. The oil field is operated and owned by Petrom. The total proven reserves of the Aktas oil field are around 42 million barrels (5.7×106tonnes), and production is centered on 1,000 barrels per day (160 m3/d). [1]

OMV Petrom S.A. is a Romanian integrated oil company, the largest corporation in Romania and the largest oil and gas producer in Southeast Europe. It is a subsidiary of OMV.

Proven reserves

Proven reserves, also called measured reserves, 1P, and reserves, are industry specific terms regarding fossil fuel energy sources. They are defined as a "Quantity of energy sources estimated with reasonable certainty, from the analysis of geologic and engineering data, to be recoverable from well established or known reservoirs with the existing equipment and under the existing operating conditions." A reserve is considered a proven reserve if it is probable that 90% or more of the resource is recoverable while being economically profitable. These terms relate to common fossil fuel reserves such as oil reserves, natural gas reserves, or coal reserves.

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References

  1. "Kazakhstan Minerals Corporation enters gas and oil business". gasandoil.com. 1997. Retrieved 2013-05-20.